IAS19 Defined Benefit Pension + Mortgage Portfolio Analysis

Bank of Ireland Creating value as The National Champion Bank Differentiated business model H1 2023 outperforming against 2023 - 2025 annual financial targets 2023-2025 Financial Targets Banking Wealth ROTE c.15% CIR <50% Insurance With market-leading brands serving > 4m customers NEW IRELAND 18 DAVY Dividend pay-out building to c.40% by 20241 Distribution of surplus capital considered annually Bank of Ireland SECURING YOUR FUTURE Operating in highly attractive markets 40-60% ordinary dividend pay out ratio in formal distribution policy provides flexibility. This pay out ratio excludes distributions of surplus capital, which will be considered annually 7

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